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Cyber attacks are once again being feared in the country’s banking sector. This time, the hackers target the bank’s ATM booth and the Swift network. This puts vulnerable ATM booths at greater risk. One or two banks have already started keeping ATM booths closed from late at night until morning for the sake of security. Greater vigilance in online banking. But analysts say closing ATM booths is not the answer to cyberattacks. Because customers suffer.
Meanwhile, last night a letter was sent to all commercial banks in the country telling them to be more attentive to cyberattacks. Experts say that the use of information technology in various services and services will increase the risk of cyber attacks. You can never be 100% risk free. However, as the use of information technology is increasing in Bangladesh, the issue of security is not being given importance. We need to guarantee security to prevent cyber attacks.
The Finance Ministry issued a letter to the Bangladesh Bank and state banks on Thursday warning of further cyberattacks on the country’s banks. He said that the North Korean-based hacking group ‘Beagle Boys’ was involved in stealing money from the Bank of Bangladesh reserves in 2016. Recently, the hacking group could once again withdraw money from ATMs in various banks in Bangladesh and hack into the Swift network, the Bangladesh Bank has reported from the Ministry of Defense headquarters.
Said the Executive Director of the Bangladesh Bank (IT, Maintenance). Zakir Hasan told Kaler Kanth that cybersecurity is important to provide digital services. However, those who are involved in such activities, including the Beagle Boys, will not leave the world, they will continue their activities. They adopt new strategies and changes in various ways to break existing security. Therefore, shutting down the service to avoid attacks is not the solution. “We have never told banks to stop providing ATM services,” he said. I just said strengthen security and be vigilant, so that the attack can be protected.
State banks stepped up surveillance of their online banking and tightened security at ATMs after the Finance Ministry issued a warning. Rupali Bank has started keeping ATMs closed from 11pm to 8am. And since yesterday, some banks, including the private Dutch-Bengali, have tightened the security of their ATMs on their own initiative. Greater vigilance in online banking.
The fast track manager of the Dutch-Bangla Bank in the residential area of Bashundhara told Kaler Kanth: “They have sent us emails from the head office to raise awareness about cyberattacks. After that, we have taken the necessary steps.
Syed Mahbubur Rahman, former chairman of the Bangladesh Bankers Association and CEO of Mutual Trust Bank, told Kaler Kanth last night: “We have not yet received any instructions from the Bangladesh Bank regarding the threat of a new cyber attack. If prompted, further action will be taken accordingly.
Banks have been on high alert since last August for fear of cyberattacks. The Beagle Boys also attempted to launch a cyber attack at the time. As an added precaution, some banks have been closing ATM services since the last week of August from 11 pm or 12 pm to 7-8 am
Hackers have been known to repeatedly attack ATM booths. The reason for this is that any cardholder can enter the ATM booth. There is nothing so close in monetary transactions. It is possible to transfer money from one source to another through Internet banking. But an ATM is a system in which the money comes directly from the vault. You can withdraw money at any time of the day or night.
Meanwhile, the Swift network was threatened with an attack, but the network is now much more secure, the people concerned said. They said no one on the Swift network now uses normal internet. So the risk of attack by hacking this network has been reduced to zero. However, they also said that there is a risk of attack in the case of Internet banking and ATMs or in the case of small transactions in mobile banking.
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